Amber Road prices upsized IPO at $13, above the range

Comment

Shutterstock photo

Amber Road, which provides cloud-based global trade management software, raised $96 million by offering 7.4 million shares (35% insider) at $13, above the $10.50 to $12.50 range. The company had initially planned to offer 6.5 million shares. All additional shares sold were from insiders. At its offer price, Amber Road now commands a $356 million market cap and a $304 million enterprise value. Amber Road will list on the NYSE under the symbol AMBR. Stifel was the sole lead bookrunner and Pacific Crest acted as lead manager on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: News Headlines , IPOs


More from Renaissance Capital

Subscribe






Renaissance Capital
Contributor:

Renaissance Capital

IPOs
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com